U.S. lenders take on small down payments

4:25 AM,
Apr. 18, 2013

Written by

Julie Schmit
| USA Today

Lenders are warming up to home shoppers lacking big down payments as the housing market improves, new data show.

In the first quarter of this year, 19 percent of conventional loan offers made by lenders on the LendingTree online exchange were for loans with down payments between 5 percent and 10 percent, LendingTree said.

That was up from 6 percent of offers the same time last year and just 1 percent of offers two years ago, LendingTree said. ...